[ferro-alloys.com]Last Friday, the LME nickle was quoted at 15410 USD/T which was 115 USD/T higher than the price on last Thursday. In this morining, the Shanghai future nickle went up following the LME nickle at most of the time, then the price went down. Compared to Wuxi 1806 contract, the premium of Russian nickle was 200RMB/T, the Jinchuan nickle premium was 200RMB/T. Today, the price of Jinchuan nickle decreased by 200RMB/T compared to the price on last Friday.

According to the message from market, Taiyuan Iron & Steel announced its bidding price of high grade ferronickle at 1030RMB/Nickle. It was 40RMB/Nickle higher than the price last month.If the supply quantity was about 5000-10000 tons, the purchase price would be added by 10RMB/Nickle. Qsingshan announced its high grade ferronickle purchase price at 1050-1060RMB/Nickle. Some deals have been made. The inquiry price by ZPSS was 1050RMB/Nickle. Due to the Shanghai Cooperation Organization meeting and environmental protection, the ferronickle plants in Shandong and Inner Mongolia had been decreasing their outputs. So the market were short of supply, and the ferronickle price was on high level. Today, the high grade ferronickle was quoted at 1030-1045RMB/Nickle, the low grade ferronickle price was remained at 3300-3400RMB/T.

• [Editor:王可]